Mortgage Industry News
Financial Services Trade Groups Lobby White House to Lower Mortgage Costs
The trade groups called for “responsibly reducing mortgage insurance premiums.” Continue Reading Financial Services Trade Groups Lobby White House to Lower Mortgage Costs
Mortgage Application Activity Down 8.5%
The FHA share of total applications increased to 18.6% from 15.9% the week prior. Continue Reading Mortgage Application Activity Down 8.5%
Mortgage Application Activity Slows Again
The FHA share of total applications increased to 20.5% from 18.5% the week prior while the VA share of total applications dropped to 14.9% from 16.3%. Continue Reading Mortgage Application Activity Slows Again
UWM and Bilt Partner on Rewards Program for Mortgage Payments
“This platform helps brokers win new, high-intent, leads from Bilt’s ecosystem,” said UWM’s Mat Ishbia. Continue Reading UWM and Bilt Partner on Rewards Program for Mortgage Payments
Experian Offers Free VantageScore 4.0 to Mortgage Lenders
“Experian is dedicated to fostering a more competitive mortgage landscape,” said CEO Brian Cassin. Continue Reading Experian Offers Free VantageScore 4.0 to Mortgage Lenders
CrossCountry Mortgage Debuts Program to Help First-Time Buyers with Down Payment Costs
CCM Smart Start is available in all 50 states and Puerto Rico. Continue Reading CrossCountry Mortgage Debuts Program to Help First-Time Buyers with Down Payment Costs
Planet Home Lending Buys MSR Portfolio from Village Capital & Investment
Planet plans to continue acquiring MSRs through bulk and co-issue transactions. Continue Reading Planet Home Lending Buys MSR Portfolio from Village Capital & Investment
Mortgage Rates Drop Again
“Mortgage rates slid down again this week but remain elevated compared to this time last year,” said Chief Economist Sam Khater, Continue Reading Mortgage Rates Drop Again
Mortgage Application Activity Records Scant Uptick
MBA’s Builder Application Survey data for May saw applications for new home purchases were up by 8% from April. Continue Reading Mortgage Application Activity Records Scant Uptick
Mortgage Rates Down Again
The 30-year fixed-rate mortgage averaged 6.69% as of June 15, down from last week when it averaged 6.71%. Continue Reading Mortgage Rates Down Again
FHA Makes Single-Family Mortgage Documents Available in Five Additional Languages
“These new resources will help prospective homebuyers better understand their transaction,” said Federal Housing Commissioner Julia Gordon. Continue Reading FHA Makes Single-Family Mortgage Documents Available in Five Additional Languages
Redfin: Nearly 92% of Mortgaged Homeowners Have Rates Below 6%
23.5% of mortgaged homeowners have a rate below 3%. Continue Reading Redfin: Nearly 92% of Mortgaged Homeowners Have Rates Below 6%
Mortgage Application Activity Records an Uptick
“The average loan size on a purchase loan decreased for the third straight week,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Records an Uptick
Mortgage Credit Availability Tightens Again
“Mortgage credit availability decreased for the third consecutive month,” lamented MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Tightens Again
Guild Mortgage Debuts 1% Down Payment Advantage Program
Homebuyers can purchase a home with a minimal down payment of only 1% of the purchase price. Continue Reading Guild Mortgage Debuts 1% Down Payment Advantage Program
